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INDIA'S ZEE GROUP TO PUMP US$183 MLN INTO DISH TV.

AsiaPulse News

| May 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, May 1 Asia Pulse - Zee Group's Direct-To-Home (DTH) arm Dish TV (BSE:532839) on Monday said its promoters would infuse up to Rs 7.50 billion (US$183 million) into the company by subscribing to preference shares.

"The Board has approved, subject to appropriate approvals, issue of non-cumulative non-convertible redeemable preference shares of Rs 100 each up to Rs 7.50 billion on a private placement basis to promoter group," Dish TV informed the Bombay Stock Exchange.

Dish TV and Zee Group Chairman Subhash Chandra had earlier said the company would invest Rs 5 billion in the distribution ...

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